Enterprise Migration
Enterprise Migration
CASE STUDY
Optimize Data, Development and Application Migration
The Client
The Client, a property catastrophe reinsurer located in Bermuda providing protection services globally to insurers and reinsurers.
The Business Challenge
The Client faced business challenges related to the use of restrictive applications and needed to adopt more flexible information tools to assist staff in simplifying the use of dynamic modeling and interoperability across the various information sources. Management was determined to find the best way to conduct an accelerated systems upgrade as the amount of data needed to be processed and analyzed continued to increase. Management looked for a provider who had the experience and versatility to bridge the gap between its current systems and ideal objectives.
The Solution
Once Nova completed a series of stakeholder interviews, a list of functional and technical requirements was tabled with the company executive to ensure all parameters of the project were reviewed, prioritized and confirmed.
A critical component of the project was to select the appropriate destination platform for the existing applications. To maximize the value of the investment the following criteria had to be met:
· Robust platform
· Secure
· Scalable
· Flexible
· Collaborative
· Easy framework for ongoing refinements
After careful consideration of the best approach to the migration effort and the overall goals of the project, the selection was made to transition applications to a .NET platform.
Outcome
The Client gained a significant increase in overall system performance and efficiencies due to data and system consolidation. Nova made innovative strides in reducing workflow by streamlining processes and designed a unique modeling and integration of management applications to support project objectives and future development.
The following are some examples of the solutions created:
· Consolidation of three key application systems into one
· Consolidation of upwards of six databases into one central repository
· Reduction of manual processes
· Development of Catastrophe Modeling Simulation
· Portfolio Management
· Integration and Management of multiple property underwriting products
· Automated the integration of Return on Equity–Capital Management with other resources
· Integration with known industry vendors' catastrophe modeling tools
Nova Limited is a Bermuda based Software Development Company focused on serving the needs of enterprise Financial Services clients and specialized in the insurance/reinsurance sector. Our mission is to help clients succeed using a proven engagement methodology to engineer success, applying a strategic mix of consulting, products and services as required. Nova employs best practices and expert resources to design, develop and integrate solutions that optimize value for clients.
For more information, please call (441) 293-6682 x7014